Coinbase lose $300K from 0x Smart Contract Exploit
Coinbase lose $300,000 afta wen dem misconfigure token approval wey give 0x swapper contract plenty permission. MEV bots quick quick take advantage dis smart contract wahala within seconds, dem drain tokens from di exchange DEX fee wallet.
Di firm Chief Security Officer talk say breach no pass corporate wallet and di customers asset dey safe. Coinbase sharp sharp revoke di wrong approval and carry di remaining funds go new wallet.
Dis 0x smart contract exploit show say DeFi security get gbege. Traders suppose check token approvals well, enforce strong smart contract permission and start proactive vulnerability detection plus blockchain monitoring.
Neutral
Since di exploit na just reach Coinbase corporate wallet and e no affect customer palava, e mean say the price impact for ZRX no go too too. For short time, dis 0x smart contract exploit fit make traders dey rethink as dem dey take risk, fit cause small sell pressure. But as Coinbase quick react and network no suffer big wahala, e help put confidence back, so long-term feeling remain steady. Overall, market impact for 0x go dey neutral as di matter show security lessons but no shake the main protocol foundation.